Articles in this Cluster
13-05-2025
The U.S. and China have agreed to an initial trade deal that cuts 'reciprocal' tariffs from 125% to 10% for 90 days, sparking a global stock market rally. The deal has been touted as a victory by Chinese officials and state-run media, while investors have cheered the news, sending stocks soaring. The agreement has also revived the idea of a 'Trump put,' where the president takes action to prevent markets from falling too drastically. However, the total tariff on China remains at 30% due to the U.S. maintaining its 20% fentanyl-related levy.
Entities: U.S., China, Donald Trump, Xi Jinping, CNBC • Tone: neutral • Sentiment: positive • Intent: inform
13-05-2025
The stock market experienced a downturn in overnight trading following a significant rally on Monday, as investors await a crucial inflation report on Tuesday. The consumer price index is expected to remain steady at 2.4% in April. The market had surged on Monday after the US and China agreed to reduce tariffs for 90 days, leading to a significant increase in the Dow Jones, S&P 500, and Nasdaq Composite. Goldman Sachs has lowered its estimated risk of a US recession to 35% from 45% following the tariff pause.
Entities: New York Stock Exchange, Dow Jones Industrial Average, S&P 500, Nasdaq 100, US • Tone: neutral • Sentiment: neutral • Intent: inform
13-05-2025
Chinese leader Xi Jinping stated that 'bullying' and 'hegemonism' will only lead to self-isolation, in a veiled reference to the US, a day after a temporary truce was agreed in the trade war between the two countries. The truce involves the US and China drastically rolling back tariffs on each other's goods for an initial 90-day period.
Entities: Xi Jinping, United States, China, Donald Trump, World Trade Organization • Tone: analytical • Sentiment: neutral • Intent: inform
13-05-2025
Chinese President Xi Jinping made his first public comments after the US and China reached a trade truce, stating that 'no one wins in tariff wars or trade wars' and criticizing 'bullying or hegemonism' that leads to 'self-isolation.' Xi's remarks were made at a summit with Latin American and Caribbean officials in Beijing.
Entities: Xi Jinping, China, US, Latin America, Caribbean • Tone: neutral • Sentiment: positive • Intent: inform
13-05-2025
US stocks have erased all losses for the year as investors welcomed progress in trade talks between the US and China, and cooling inflation data. The S&P 500 rose 0.72% and the Nasdaq Composite gained 1.61%, while the Dow fell 0.64% due to a significant drop in UnitedHealth Group's shares after the company's CEO stepped down and earnings guidance was suspended.
Entities: S&P 500, Dow, Nasdaq Composite, UnitedHealth Group, China • Tone: neutral • Sentiment: positive • Intent: inform
13-05-2025
The article discusses the dual nature of China's economy, highlighting both its technological advancements and its economic challenges. The author argues that the US must understand both aspects of China to navigate their trade war and geopolitical rivalry effectively. China's tech sector is thriving, with companies like DeepSeek, BYD, and Huawei leading in innovation. However, the country also faces significant economic issues, including sluggish consumer spending, rising unemployment, and a housing crisis. The article suggests that China's focus on technological self-reliance and industrial capacity may not be enough to address its structural economic imbalances.
Entities: China, United States, DeepSeek, BYD, Huawei • Tone: analytical • Sentiment: neutral • Intent: inform
13-05-2025
China has cautiously welcomed a 90-day pause in the US-China tariff war following talks between officials in Geneva. The agreement involves lowering tariffs on each other's goods, with US duties on Chinese goods decreasing from 145% to 30% and China's retaliatory tariffs on US imports decreasing from 125% to 10%. Despite this, tensions remain high, with Xi Jinping criticizing the US for 'bullying' and state media condemning 'unreasonable' tariffs. Chinese businesses and social media users have mixed reactions to the agreement.
Entities: China, US, Xi Jinping, Donald Trump, Geneva • Tone: analytical • Sentiment: neutral • Intent: inform
